RIYADH: Saudi Arabia’s benchmark index started the week’s final session higher as investors took comfort in the release of new earnings reports.
TAS edged up 0.14 percent to 12,664, while the parallel Nomu market started almost flat at 21,513, as of 10:06 a.m. Saudi time.
The Kingdom’s largest valued bank Al Rajhi rose 0.56 percent, while The Saudi National Bank, the country's largest lender, increased 0.14 percent.
Among the Kingdom's leading information technology firms, Elm and Al Moammar Information Systems Co. declined 0.52 percent and 0.74 percent, respectively.
Red Sea International Co. dropped 0.42 percent, after it secured financing from SABB worth SR35 million.
Taiba Investments Co. rose 0.66 percent, after it turned into a profit of SR55 million ($15 million) in the first half, wiping out losses of SR14.8 million from the same period last year.
Abdullah Al Othaim Markets Co. dropped 2.05 percent, despite reporting a 31 percent increase in profits for the first half of the year to SR138 million.
Sadr Logistics Co. declined 0.57 percent, after it turned into losses of SR3 million during the first six months of 2022.